A business manager’s key role is implementing strategy, but what does that mean? Even seasoned managers face challenges in strategy implementation for various reasons, from poor communication to lack of resources and resistance to change. This guide explores the best ways of implementing a strategy to give your business a competitive edge in your industry…. Read more
Did you know that only 44% of leaders feel that their organizations can implement a successful strategy? Companies face numerous challenges in strategy implementation. For example: Poor leadership and communication Resistance to change One way to overcome these challenges is through strategic priorities. When you understand the importance of each element in your strategy, you… Read more
In the current competitive market, employee retention is an essential aspect. Losing valuable employees with specialized and high-demand skills is expensive in terms of time and money. Hiring and training new employees is an additional cost that can affect production and business. It’s easier to address the issues that cause employees to depart. The Annual… Read more
The churn rate is a percentage of the number of people who discontinue their business with you over a given period. It also refers to the rate employees leave your company over a certain period. Calculating churn allows you to monitor your business’s performance and growth. Even low churn rates can significantly affect the long-term… Read more
In line with the nature of the constantly changing tech scenario, the way software businesses deliver their products and services and how they earn their revenues have changed drastically. The transformation of the tech scenario dominated by cloud based technologies has made it possible for companies to offer ‘Software as a Service’ (SaaS), which has… Read more
How can you leverage the IKEA effect to benefit your business? Participation and initiative from the self are key driving forces of an engaged workforce. These qualities put into perspective the importance of the role played by every employee in the organization. When they can see how their work, personal achievements or ideas/suggestions go into… Read more
OKR Checklist OKRs (Objective and Key Results) are meaningfully framed Objectives and Key Results designed and tracked to improve business performance. The definition of OKR is to set objectives for the future and measure those objectives with Key Results. Objectives are the broad goals of a company, department, or person, and the key Result is… Read more
Hybrid leadership calls for a different mindset and skills. These skills promote teamwork to ensure employees remain productive regardless of location. The COVID-19 pandemic revolutionized the work environment. Companies had no choice but to switch from an office setting to a fully remote or hybrid workplace. This change highlighted the need for effective leadership to… Read more
What is Strategy Execution? As the name suggests, strategy execution is the successful execution of strategy. Translating an organization’s strategic initiatives into action after a lengthy planning process for the best business results is why strategy execution is so important. Why is Strategy Execution important? Organizations spend big money on strategic initiatives, but there often… Read more
What is hybrid culture? A hybrid culture is a work environment that combines remote and on-site work arrangements. As the world learns to work around the (never-ending) pandemic, hybrid work culture is becoming the new reality. Let’s take a look at some of the challenges that hybrid work is facing. What are 5 hybrid work… Read more
The easiest part of any business is envisioning something ambitious; the most difficult part of it is finding ways to realize that vision. There is a clear necessity to lay out guidelines, action plans and a roadmap on how an organization will achieve its objectives and vision. This is where business strategy comes in. This… Read more
A hybrid team mixes freelancers and employees that provide companies with faster development, increased flexibility, and access to more skill sets. Rather than having the in-office staff create the MVP and do all the work, hybrid teams can be a great way to test new services, projects, or ideas. KEY TAKEAWAYS The cloud-based nature of… Read more